A single worker can, in one hour, produce a paperweight as described below. Find the Austrian Theory that deals with the wage rate that the worker earns. Paperweight Description : Name - FRN-Brick Paperweight Market Price - $200 Manufacturing Process - Start with a clean freely available brick and cover...
what did Mises have to say about the hourly wage (in comparision to the piecemeal wage)?
This story on the BBC put a big smile on my face. 4800 cabin crew workers voted to strike next month over lower-than-normal pay levels offered by Branson's Virgin Atlantic airline. Branson put his foot down and said in a letter to his staff that he would not meet the pay demands of the union and...